Frontier Energy – Presentation Building an Integrated Green Hydrogen Company

Frontier Energy – Presentation Building an integrated green hydrogen company.

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Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including risks associated with investments in private and publicly listed companies such as Frontier Energy Limited (Frontier or Company); risks associated with general economic conditions; the risk that further funding may be required but unavailable for the ongoing development of the Company’s projects or future acquisitions; changes in government regulations, policies or legislation; unforeseen expenses; fluctuations in commodity prices; fluctuation in exchange rates; litigation risk; the inherent risks and dangers of development operations in general; risk of continued negative operating cashflow; the possibility that required permits may not be obtained; environmental risks; general risks associated with the feasibility and development of the Company’s Bristol Spring Solar Project (Project); changes in laws or regulations; future actions by government; breach of any of the contracts through which the Company holds property rights; defects in or challenges to the Company’s property interests; uninsured hazards; disruptions to the Company’s supplies or service providers; reliance on key personnel, retention of key employees and the impact of the COVID-19 pandemic on the Company’s business and operations.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management of the Company made in light of their experience and their perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

The Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable.

Assumptions have been made regarding, among other things: the energy market, the Company’s peers, the Company’s ability to carry on its future development works, construction and production activities, the timely receipt of required approvals, the price of electricity, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms.

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause the Company’s results not to be as anticipated, estimated or intended.

There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NO LIABILITY/SUMMARY INFORMATION

Frontier has prepared this presentation material (Presentation) based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in the Presentation.

To the maximum extent permitted by law, the Company, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Commonwealth of Australia)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation or its contents or otherwise arising in connection with it.

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• • WA Government aims to be a global leader in Green Hydrogen
• • WA Government prioritising development of the industry
  • • created Minister for Hydrogen & financial assistance

2030 Targets

• • WA’s market share of global H2 exports to match its share in LNG
• • 10% green hydrogen blended into domestic gas pipelines
• • Hydrogen to be widely used across the mining and regional transport industries

Western Australian Renewable Hydrogen Roadmap, November 2020

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BUILDING A HYDROGEN COMPANY FROM THE GROUND UP

Existing infrastructure surrounding the project puts Frontier in a class of it own in the junior sector

1 – Additional 25.5m performance shares (ASX announcement 23 February2022); 2 – Frontier owns 128.5m shares in MZN.TSXV (current share price C$0.07 / share)

Location – 120km from Perth – grid and gas power connection, world class surrounding infrastructure (ports and roads)

Bristol Springs Solar Farm

Production ready –

StageOne on track to commence development (114MWdc) by 2023

Government Support – Government support from both Federal and State

Vertical Integration Solar Expansion

opportunities production ~500MWdc

– landto expand up to

Hydrogen production – Study commenced and typical barriers for entry (ie: Major capital projects) are already in place with available access

Hydrogen Sales – first refuelling station ordered for long term integration strategy

Proven team in place

Board and management – vast experience in building projects in Western Australia & beyond

Strong connections with both Federal and State governments

Local workforce – highly skilled local workforce to build the project

At $0.24 / share

Capital Structure

270.7m1 31.4m

Shares on issue

$65m

Market CapOptions

~$5.9m

Cash

March 22

~$9.0m ~$49m

Listed investments2

Enterprise

Value

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Frontier Energy : Presentation Building an integrated green hydrogen company, April 2022